Non-Tax Revenue

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Non-Tax Revenue

Money that a government takes in by means other than taxation. Examples of non-tax revenue include bondissues and profits from state-owned companies. Some government agencies earn non-tax revenue through user fees. For example, a bank regulator may charge the banks that it regulates some percentage of their assets for the privilege of being regulated. Some of these revenues are mandated, while others are offered as an incentive. For example, these banks may be incentivized to pay the fees in exchange for eligibility for deposit insurance.

The report underlines the commitment by Indian policymakers to meet the fiscal deficit target in FY2017, despite the presence of some risks in the form of lower nontax revenue and a slow start to the disinvestment of public sector enterprises.

Individual chapters address the basic principles of classic tax policy, economic development and interstate tax competition, the political interests that influence tax policymaking, the political issues associated with specific types of taxes, sales and use tax, personal income tax, corporate income tax, other tax categories, and nontax revenue sources.

To help bridge the budget gap and ensure proper management and operation of the state courts system in the future, the TaxWatch report offers the legislature six sources of approximately $180 million in nontax revenue.

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